Honeywell profit marginally beats expectations

Honeywell International reported a better-than-expected quarterly profit, as an improving U.S. economy helped boost sales at the company's division that makes sensors, safety systems and air conditioning equipment.

But total revenue fell 1.1 percent to $10.27 billion in the fourth quarter ended Dec. 31 as sales in the company's aerospace division fell 5.8 percent to $3.84 billion.